China's factory growth likely inched up from a 1-1/2-year low in January, helped by a slight pick-up in momentum the previous month, but the bounce is not expected to last due to unsteady exports and slowing investment, a Reuters poll showed.
Tags: China's economy
China’s Economy Surpasses Expectations With Strong Growth in First Quarter of 2024
The first quarter of 2024 saw China's GDP grow 5.3% year-over-year, above expectations. Employees work on an engine assembly line at an engine manufacturing factory in Qingzhou, in China's eastern Shandong province on April 16, 2024.
China factory output again slips, but fall slows down in October
Indicating the prolonged sluggishness in the economy, China's factory activity dropped further again in October. However, the marginal recovery in export orders has slowed down the drop in the manufacturing production. The PMI edged up in the previous month.
China's economy posts weakest growth in six years
China's economy grows at its slowest pace in more than six years in the third quarter. Gross domestic product between July and September expanded 6.9% from a year ago, its weakest since the first quarter of 2009. While that is better than the forecasted 6.7% growth, it is lower than the 7% recorded in the first two quarters.
China growth rate may slip below 7% in Q3
The global markets witnessed major crash in August following the China's economy slow down, Yuan devaluation, discouraging manufacturing numbers, etc, Now, the markets are recovering. But, economists, fund managers caution that the party is not over. China may slip in recession in next quarter or six quarters later.
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China's economy showed further signs of fatigue in November, with factory growth slowing more than expected and investment expansion hovering near a 13-year low, putting pressure on policymakers to unveil stronger stimulus measures.
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